Newsmax, the conservative media company, went public on Monday, with shares surging more than 700% in its first day on the New York Stock Exchange, giving it a market capitalization of more than $10 billion. A rival to Fox News, Newsmax began trading on Monday after selling 7.5 million shares for $10 each in its…
Topline Newsmax is now more valuable than Fox Corp. after shares of the right-wing media company skyrocketed again on Tuesday, a market shift that nearly tripled the company’s market cap after a massive debut Monday. Trading of the right-wing news outlet’s stock was halted multiple times for volatility early … More Tuesday. AFP via Getty…
Newsmax is now worth more than media giants like The New York Times and News Corp. after the conservative news outlet saw its share price nearly triple on Tuesday, a day after the company’s big debut on Wall Street. Shares of Newsmax jumped 179% on Tuesday, closing the day at $233 per share. That comes…
Is Newsmax, the conservative news company that just went public, overvalued? Short answer: I don’t give investment advice. But if I did, I’d say yes. Newsmax is overvalued. Longer answer: I could list lots of reasons investors should be wary of sinking money into Newsmax, whose stock is skyrocketing after it started trading on Monday….
Newsmax stock (NMAX) soared as high as 173% Tuesday, extending its massive 735% gain on Monday following the conservative cable news outlet’s IPO. Newsmax raised $75 million in its IPO Friday, with shares priced at $10. The outlet’s rapid ascent in its first two days of trading pushed its market cap to more than $20…
(Bloomberg) — Newsmax Inc. shares skyrocketed 735% in their debut session after the conservative media outlet’s initial public offering, with individual investors helping hand the firm the best first-day performance since 2022. Most Read from Bloomberg The stock closed at $83.51 each on Monday, in a first trading day as a public company that saw…
Chris Ruddy, Newsmax’s founder and CEO. Pacific Press/LightRocket via Getty Images Conservative news outlet Newsmax went public on Monday morning on the New York Stock Exchange. By the end of the day, its shares were trading 735% higher than its $10 offering price, and the company was valued at $10.7 billion. The stock surge, which…
Shares in Newsmax, the cable TV news outlet known for its sympathetic coverage of Donald Trump, soared more than 700% on their first day of trading. The IPO was priced at $10 a share last Friday, with the offering netting $75 million after 7.5 million Class B shares went on sale. In February, Newsmax said…